Cwm LLC Has $775,000 Stock Position in Primerica, Inc. (NYSE:PRI)

Cwm LLC grew its stake in shares of Primerica, Inc. (NYSE:PRI) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,922 shares of the financial services provider’s stock after purchasing an additional 84 shares during the period. Cwm LLC’s holdings in Primerica were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PRI. Virtu Financial LLC acquired a new position in shares of Primerica during the fourth quarter valued at about $209,000. Goldman Sachs Group Inc. increased its position in shares of Primerica by 5.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 112,572 shares of the financial services provider’s stock worth $23,163,000 after acquiring an additional 5,326 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Primerica by 117.1% during the fourth quarter. Wellington Management Group LLP now owns 18,576 shares of the financial services provider’s stock worth $3,822,000 after acquiring an additional 10,020 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Primerica during the first quarter worth about $207,000. Finally, Riverview Trust Co bought a new stake in shares of Primerica during the first quarter worth about $209,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Primerica

In related news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the sale, the chief executive officer now directly owns 45,322 shares in the company, valued at approximately $11,446,071.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $252.55, for a total transaction of $757,650.00. Following the sale, the chief executive officer now directly owns 45,322 shares in the company, valued at approximately $11,446,071.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John A. Jr. Addison sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $253.85, for a total transaction of $507,700.00. Following the sale, the director now owns 15,151 shares in the company, valued at $3,846,081.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,500 shares of company stock worth $1,657,015. 0.61% of the stock is owned by corporate insiders.

Primerica Stock Down 0.7 %

PRI opened at $278.96 on Friday. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 22.33 and a beta of 1.09. Primerica, Inc. has a twelve month low of $184.76 and a twelve month high of $284.37. The company’s 50-day moving average price is $263.23 and its two-hundred day moving average price is $243.06.

Primerica (NYSE:PRI) last released its earnings results on Wednesday, August 7th. The financial services provider reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.47 by $0.24. The firm had revenue of $803.38 million for the quarter, compared to analysts’ expectations of $748.88 million. Primerica had a net margin of 14.85% and a return on equity of 27.81%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.99 earnings per share. As a group, sell-side analysts anticipate that Primerica, Inc. will post 18.13 earnings per share for the current year.

Primerica Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.29%. This is a boost from Primerica’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, August 21st. Primerica’s payout ratio is presently 28.82%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PRI shares. TD Cowen started coverage on shares of Primerica in a research report on Wednesday, October 9th. They set a “buy” rating and a $314.00 target price for the company. Piper Sandler started coverage on shares of Primerica in a research report on Friday, August 30th. They issued a “neutral” rating and a $283.00 price objective for the company. Morgan Stanley upped their price objective on shares of Primerica from $257.00 to $269.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Jefferies Financial Group upped their price objective on shares of Primerica from $239.00 to $249.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, StockNews.com raised shares of Primerica from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $281.67.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.